The sale of goods on credit plays an important role in the effective functioning as well as the long-term financial health of any business enterprise. Typically, credit sales form a significant chunk of a company's total turnover as compared to cash sales. Through credit facilities, a company can … [Read more...]
Uncollectible and Bad Debts – A Detailed Overview
A Comprehensive Overview of How Commercial Debt Collection Agencies Work
It’s not uncommon for businesses to take on debt. Sometimes, that debt gets out of hand and businesses find themselves on the receiving end of calls from commercial debt collection agencies. Calls from a commercial debt collector can create an enormous amount of stress for many business owners. … [Read more...]
An In-Depth Guide to Bank Account Garnishment in Texas and How to Avoid It
Business debt, whether from small business loans, corporate credit cards, or federal and state taxes, can be a challenge to manage. And if the debt remains unpaid for too long, it can exacerbate the situation for many business owners and finance managers. This unpaid debt can lead to a serious … [Read more...]
What is a Debt Ratio and why it’s a Key Financial Metric
Business debt is a crucial part of any company’s financial portfolio. Debt can help businesses stretch their cash flow while ensuring they have the capital for critical expenses. It can also help some businesses grow by freeing up cash for other endeavors. That debt, though, has to be managed so … [Read more...]
What Small Businesses Should Know About the IRS Debt Forgiveness Program
The IRS can be daunting for businesses and sole proprietors that owe tax debt – federal tax liens can seriously impact a company’s ability to operate if taxes remain unpaid. However, the IRS offers options for taxpayers that need help with their obligations. Many businesses and sole proprietors are … [Read more...]
